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Ethereum [ETH] v. Tron [TRX] Price Analysis: ETH struggles to make gains while TRX holds firm

Yash Rajan



Ethereum [ETH] and Tron [TRX] Price Analysis: ETH bearish with TRX struggling between bulls and bears
Source: Pixabay

Ethereum [ETH], the market’s largest altcoin, was valued at $249.292, at press time. After climbing by 0.88% over 24 hours, ETH held a market cap of $26.52 billion and recorded a 24 hour trading volume of $9.10 billion.

Tron [TRX] had a market cap of $2.212 billion, at press time. It was valued at $0.031, dropping by 0.423% over 24 hours. The most recent report by DApp review demonstrated that in recent months, Tron has added 223 DApps to its ecosystem.

1-Day ETH

ETH confronted resistance at $271.241 and found support at $240.262. The coin recorded an uptrend from $158.844 to $265.463, and a steep downtrend from $270.701 to $251.472.

Source: TradingView

Source: TradingView

Bollinger Bands envisioned the bands gradually converging, suggesting diminishing volatility in the market.

Parabolic SAR’s dotted markers were found over the candles, indicating a bearish market trend.

MACD line was below the signal line, picturing a bearish market for ETH.

1-Day TRX

TRX saw two notable uptrends between $0.029– $0.031 and from $0.030 – $0.035. Resistance was found at $0.038, with support at $0.030. Over the course of recent weeks, TRX recorded a downtrend from $0.038 to $0.033.

Source: TradingView

Source: TradingView

Relative Strength Index demonstrated an increase in buying pressure as the coin’s indicator line was positioned at 56.091.

Chaikin Money Flow’s marker was found over the zero-line at 0.09, suggesting a growing inflow of capital into the market.

Awesome Oscillator revealed falling bullishness and market momentum.


ETH remained firmly bearish, while TRX was stable, despite the bears’ looming.

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